SOURCE GUARDIAN: Vodafone paid no corporation tax in Britain last year
Generous tax breaks mean the UK’s second largest mobile phone company reduced its tax bill to zero for the second consecutive year. The blue chip company has distributed £4.8bn in cash dividends to shareholders in the last 12 months – more than any other British business. CEO, Vittorio Colao, collected £11m in pay last financial year, down from the £15.7m he earned the year before. The drop in his pay is due to revenue targets missed in recession hit Europe.